At 12:19pm many stocks are in green like Maruti, Axis Bank, Airtel, Wipro, Zee and Britannia with more than 1.5% gains. Stocks mainly in red are Infratel, Mahindra and Powergrid with more than 1.5% loss.
In the morning trade more buy bids in stocks like Maruti, Tata Motors, Power grid, Ultatech, ITC, Jsw steel and Upl. More sell bids in nestle, zeel, kotak bank, hdfc bank, indusind bank, icici bank, reliance and LT.
Here is a summary of volume till 12:19pm vs average 2 months volume till 12:19pm. Only Wipro is trading with more volume compared to historical volume average till 12:19pm
Many stocks recovered smartly in the morning trade from their respective days lowest level like Axis Bank, Maruti, Indusind, Sbi, Tata Motors, Zee, Airtel, Ultratech, Icici, wipro etc.
Overall Indian markets are trading without a direction now. India – China border issue, corona virus covid 19 out breaks and mixed news from US and other major economies are confusing investors and traders. Since markets already crashed a lot from its all time high no major selling is happening but everybody is very cautious at this moment and not ready to take any big long positions because of geopolitical tensions and a possible global or Indian recession due to corona virus issue. Also investors worried about a second wave of corona virus outbreak happening in the China, US and some European countries.